Instructure Holdings Inc

GBBNXH3T8

Equity

ISIN null / Valor 112407145

New York Stock Exchange, Inc (2024-11-12)

USD 23.60+0.08%

Instructure Holdings Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Instructure Holdings Inc is a company founded in 2008 that is known for its Canvas LMS and Instructure Learning Platform, which are used by millions of students and teachers globally. The company provides educational technology solutions that aim to enhance the learning experience for users.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

In the first quarter of 2024, Instructure Holdings Inc. reported a total revenue of $155.5 million, marking a 20.7% increase compared to the same period in the previous year. This growth was driven by the company's expanding platform and the integration of Parchment into its ecosystem.

Net Loss and Margin

Instructure Holdings Inc. experienced a GAAP net loss of $21.1 million for Q1 2024, which is an increase of $9.3 million from the prior year. The net loss margin decreased by 440 basis points year-over-year to (13.6)%, primarily due to higher interest expenses related to the acquisition of Parchment.

Adjusted EBITDA

The company reported an adjusted EBITDA of $64.9 million for the first quarter of 2024, reflecting an increase of $16.6 million from the previous year. The adjusted EBITDA margin expanded by 430 basis points to 41.8%, showcasing improved operational efficiency.

Cash Flow

Instructure Holdings Inc. reported a negative cash flow from operations of $92.6 million for Q1 2024, compared to negative $80.9 million in the same period last year. The adjusted unlevered free cash flow was also negative, amounting to $65.3 million, slightly higher than the previous year's negative $63.4 million.

Future Guidance

For the second quarter of 2024, Instructure Holdings Inc. has provided revenue guidance ranging from $166.5 million to $167.5 million. For the full year 2024, the company expects revenue to be between $656.5 million and $666.5 million, with a focus on maintaining growth momentum and integrating recent acquisitions.

Summarized from source with an LLMView Source

Key figures

-3.59%1Y

-10.8%3Y

%5Y

Performance

1.63%1Y

27.3%3Y

36.6%5Y

Volatility